Tuesday, August 4, 2015
Reagan’s economic recovery better than Obama’s?
Roubini’s ‘Smart Beta’ Low Risk, High Return Bet
In an interview with FOX Business Network’s Stuart Varney, world renowned economist Nouriel Roubini compared the differences in President Reagan’s recovery to President Obama’s -- and also offered some investment advice.
“There are a number of differences,” he said. “First of all, Obama entered the worst economic and financial crisis since The Great Depression, when he came to power the stock market was down 70 percent with [an] unemployment rate like we never had before. The economy was tanking, like during The Great Depression … initial starting point was very different.”
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics